Accounting Services
Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.


Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

Case Studies

Learn more about our work with clients in a variety of different industries.

Meet the Team

Learn more about the Plumb leadership team.

The Plumb Promise


Want to join us? Check out our current open positions and apply today.

What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

8 Essential Construction KPIs To Boost Operational Productivity

Posted on May 14, 2024 at 1:41 AM
Written by Plumb

In the fast-paced construction sector, understanding and leveraging the right construction KPIs (Key Performance Indicators) can be a game-changer for your business. These metrics provide invaluable insights into the health, efficiency, and profitability of your projects. By focusing on these KPIs, mid-sized construction business owners can pinpoint areas for improvement, make informed decisions, and ultimately, boost operational productivity. Let's explore eight essential construction KPIs that can significantly impact your project outcomes and business success.

Profit Margins: Your Financial Compass

The basis of any successful construction business is its ability to generate profit. This is where Gross Profit Margin and Net Profit Margin come into play. The gross profit margin highlights the profitability of your projects by calculating the percentage of revenue that exceeds the cost of goods sold (COGS), excluding overheads and administrative expenses. On the other hand, the net profit margin takes into account all operating expenses, interest, and taxes, offering a comprehensive view of your overall financial health. Monitoring these margins closely can guide pricing strategies and cost management practices.

Cash Flow: The Lifeblood of Your Operations

Net Cash Flow and Projected Cash Flow are critical KPIs for managing the financial dynamics of construction projects. Net cash flow provides a snapshot of the financial movement within your business over a specific period, reflecting the balance of income and expenditures. Positive net cash flow indicates a healthy financial state, whereas negative cash flow signals a need for strategic adjustments. Projected cash flow, a forward-looking metric, helps in anticipating future financial positions, enabling better planning and risk management.

Cost Variance: Keeping Budgets in Check

Cost Variance offers a clear view of financial performance against the budgeted projections. This KPI helps in identifying discrepancies between the planned and actual project costs, enabling project managers to implement corrective actions promptly. By analyzing cost variance, businesses can enhance their budgeting accuracy and control over project finances.

Working Capital: Ensuring Financial Agility

Working Capital measures your company's ability to cover short-term obligations and is calculated by subtracting current liabilities from current assets. A positive working capital indicates good financial health and operational efficiency, allowing for smoother project execution and the ability to seize new opportunities.

Accounts Payable and Receivable Turnover: Maximizing Cash Efficiency

The turnover rates for Accounts Receivable and Accounts Payable are crucial for managing cash flow and maintaining healthy supplier and customer relationships. A high receivables turnover rate means your business is efficient at collecting earnings, while a balanced payable turnover ensures you are meeting obligations without straining your cash resources.

Quick Ratio: Assessing Short-term Financial Health

The Quick Ratio or acid-test ratio measures your ability to meet short-term liabilities with your most liquid assets. It’s a stringent indicator of financial stability, excluding inventory from current assets in the calculation. A healthy quick ratio signifies a robust capacity to address immediate financial commitments, essential for maintaining trust with creditors and suppliers.

Labor Productivity Metrics: Enhancing Efficiency

Finally, the Planned Hours vs. Actual and Percentage of Labor Downtime KPIs shine a light on labor productivity. These metrics help assess how effectively labor resources are utilized, identifying areas for improvement in workforce management and project scheduling. Striving for minimal downtime and aligning actual labor hours with planned estimates are crucial for maintaining project timelines and budgets.

Boosting Operational Productivity

For mid-sized construction businesses aiming to enhance operational productivity, these eight KPIs offer a comprehensive framework for strategic decision-making and performance optimization. By regularly monitoring and acting upon these indicators, businesses can achieve greater efficiency, profitability, and competitive advantage in the challenging construction industry landscape.

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